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Taylor Devices, Inc. (NASDAQ:TAYD) reported that at its annual meeting on Friday, shareholders approved all management proposals, including the election of a director, the ratification of the company’s public accounting firm, and the adoption of a new stock option plan.
According to a statement based on a recent SEC filing, Robert Carey was elected as a Class 3 Director to serve a three-year term expiring in 2028. The vote count for Carey’s election was 1,061,147 in favor, with 434,104 votes withheld and 686,497 broker non-votes.
Shareholders also ratified the appointment of Lumsden & McCormick, LLP as the independent registered public accounting firm for the fiscal year ending May 31, 2026. The vote was 2,174,614 in favor, 896 against, and 6,238 abstentions.
Additionally, the Taylor Devices , Inc. 2025 Stock Option Plan was approved. The proposal received 1,343,996 votes in favor, 147,376 against, and 3,879 abstentions, with 686,497 broker non-votes.
The company’s annual meeting took place on October 17. Taylor Devices, Inc. is incorporated in New York and trades on the Nasdaq Stock Market under the symbol TAYD.
All information is based on a press release statement included in the company’s SEC filing.
In other recent news, Freedom Broker has raised its price target for Taylor Devices, Inc. to $48 from the previous $43. The brokerage firm continues to maintain a Buy rating on the stock. This decision comes as a result of Taylor Devices’ performance surpassing expectations. The defense sector has been highlighted as the main contributor to the company’s growth. These developments reflect the confidence in Taylor Devices’ ongoing business strategy and market position. Investors may find this information useful as it underscores the company’s potential for continued success in its industry.
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